3 Explanations Why Bitcoin is Programmed to Pump

Satoshi Nakamoto, 1/17/2009

Bitcoin is a money technology, unlike anything the world has ever seen — as it requires no trust.
Here are three reasons why “it might make sense” for people to buy some bitcoin “in case it catches on,” as Bitcoin’s inventor advised.
Hard Supply Cap
The 21 million bitcoin that will ever exist is probably the most attractive attribute to any low time preference investor.
Out of the 21 million bitcoin, 17 million already exist, an estimated 4 million are lost, and 4 million more are left to mine.
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